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Question 8 (1 point) Rogoff Co.'s 15-year bonds have an annual coupon rate of 4.5%. Each bond has face value of $1,000 and makes semiannual
Question 8 (1 point) Rogoff Co.'s 15-year bonds have an annual coupon rate of 4.5%. Each bond has face value of $1,000 and makes semiannual interest payments. If you require an 5.5% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? A) $983.49 B) $898.75 C) $936.10 D) $861.00 E) $959.51
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